In this video, you'll learn how to read a candlestick pattern even if you have no experience.
So go watch it now...
** FREE TRAINING **
Stock Trading Secrets:
https://www.tradingwithrayner.com/sts/
** TRADING BOOK **
Price Action Trading Secrets: https://priceactiontradingsecrets.com/
So go watch it now...
** FREE TRAINING **
Stock Trading Secrets:
https://www.tradingwithrayner.com/sts/
** TRADING BOOK **
Price Action Trading Secrets: https://priceactiontradingsecrets.com/
Now when you look at Candlestick charts, you'll probably see one of two colors. a green candle and a red candle. So what does a green candle mean? A green candle means right? that the market has close higher for the time period. So for example, if you're looking at this on a daily time frame, it means that the market has closed higher for the day.
So you can see over here. this is the closing price and this over here is the opening price. This is green because the closing price is above the opening price. Two more data point.
this over here represents the high of the day. How high did the market actually went during the day and this over here represents the low of the day. How low did the market actually went during the day itself? This over here is a red candle. This is just the inverse.
A red candle means it's a bearish candle. It means that the market has closed lower for the day. So this is why the closing price now is below the opening price. This means the market is close lower for the day.
That red bearish candle looks orange on my display
Color doesn’t matter, I use same color for all candles.